Network-1 Technologies (NYSEAMERICAN:NTIP) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Network-1 Technologies, Inc. (NYSEAMERICAN:NTIP) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.49 and traded as high as $1.64. Network-1 Technologies shares last traded at $1.64, with a volume of 19,939 shares traded.

Network-1 Technologies Stock Performance

The stock has a 50-day moving average price of $1.50 and a two-hundred day moving average price of $1.45. The stock has a market capitalization of $37.03 million, a PE ratio of -14.73 and a beta of 0.13.

Network-1 Technologies (NYSEAMERICAN:NTIP) last released its earnings results on Friday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Network-1 Technologies in the third quarter valued at about $25,000. Citadel Advisors LLC purchased a new position in Network-1 Technologies in the 3rd quarter worth approximately $34,000. Finally, Canton Hathaway LLC boosted its stake in Network-1 Technologies by 311.1% in the 1st quarter. Canton Hathaway LLC now owns 280,738 shares of the company’s stock worth $404,000 after purchasing an additional 212,447 shares during the period. Institutional investors own 29.07% of the company’s stock.

About Network-1 Technologies

Network-1 Technologies is a technology licensing company that focuses on the acquisition, development and monetization of intellectual property. The firm’s core business revolves around enforcing and licensing its patent portfolio to manufacturers and distributors of networking and power delivery equipment. By leveraging its proprietary technologies, Network-1 seeks to generate recurring revenue through negotiated licensing agreements and, when necessary, litigation to protect its patents.

The company’s principal assets consist of granted patents and patent applications related to Power over Ethernet (PoE) and network security technologies.